Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report) dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $1.37 and last traded at $1.40. Approximately 7,917,097 shares traded hands during trading, a decline of 32% from the average daily volume of 11,576,554 shares. The stock had previously closed at $1.43.
Eightco Trading Down 2.1%
The company has a current ratio of 0.30, a quick ratio of 0.09 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $4.26 million, a P/E ratio of -0.46 and a beta of 0.84. The company has a 50-day moving average price of $2.11 and a 200 day moving average price of $4.88.
Institutional Trading of Eightco
Hedge funds have recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new stake in shares of Eightco in the 3rd quarter valued at about $291,148,000. Pantera Capital Partners LP acquired a new stake in Eightco in the third quarter valued at approximately $280,733,000. Anson Funds Management LP purchased a new position in Eightco in the third quarter worth $198,164,000. Polar Asset Management Partners Inc. acquired a new position in shares of Eightco during the third quarter worth $13,211,000. Finally, UBS Group AG lifted its holdings in shares of Eightco by 21,435.9% during the 3rd quarter. UBS Group AG now owns 440,624 shares of the company’s stock valued at $10,623,000 after purchasing an additional 438,578 shares during the last quarter. 12.85% of the stock is owned by hedge funds and other institutional investors.
About Eightco
Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
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